Some investment newsletters allow their stock pickers to hold personal positions in their recommendations. At Banyan Hill, however, we believe we have an obligation to make recommendations purely on their potential benefits for you, with no potential profit to us. Nevertheless, there’s plenty I can tell you about my investing strategy … particularly in unsteady market conditions.
My three kids sang the lyrics to Surfaces’ “Sunday Best” over and over again during the 14 hours we spent in the car during their spring break vacation. And as I tried my best to take a break from work while I was with my family, the catchy pop tune still got me thinking about the mood of consumers right here … are we feeling good or not so much? After all, a lot has changed in the past six months.
Recently, someone I follow on Twitter recounted how a friend had invested some money for his child. He expected an annual average return of 16% on that investment. He based this on the compound annual return of the total U.S. stock market over the last decade. There’s only one problem: Past performance is no guarantee of future returns.
The professors respected the quality of my arguments. But because my conclusions were not “correct,” they invariably gave me one point below the top grade. You might think I would’ve eventually learned the error of my ways…I’m proud to say I never have. To this day, I embrace beliefs considered heretical in the mainstream economics profession … beliefs that will continue to make tremendous stock market gains for readers of The Bauman Letter into the next decade.
As the Treasury yield curve goes “inverted” and Wall Street panics, I break down the practical results of yield curve inversions, the prospects of a near-term recession and what you can expect for your portfolio in 2022.
Find out this and more in your Friday edition of Big Picture, Big Profits.
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James Hickman (aka Simon Black) is an international investor, entrepreneur, [...]
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